DAR ES SALAAM, April 29 -- SHAREHOLDERS of Tanzania Cigarette Company (TCC) are set for a higher return after the Board proposed a final dividend payment of 650/- per share for the fiscal year ending December 2025.

Coupled with the interim ordinary dividend of 400/- per share paid to shareholders in October last year, this brings the total ordinary dividend for the year to 1,050/- per share.

TCCs Chairman Mr Mohamed Chande Othman said the final dividend will be paid on or about May 26, this year with shares trading cum-dividend until May 6, this year.

“The final ordinary dividend payout is subject to shareholders approval at the annual general meeting scheduled for May this year,” said Mr Othman in a statement released yest...